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Rupee declines to record low of 85.87 against USD amid rising oil prices and cautious investor sentiment following lower growth projections.
The rupee drops to a record low of 85.84 against the dollar amid weak market sentiment and rising US bond yields.
India's foreign exchange reserves have declined for three months, reaching a multi-month low amid RBI interventions.
The rupee fell to a record low, closing at 85.77 against the dollar, while forex reserves decreased to an eight-month low.
In 2025, the rupee faces minor depreciation against the USD but is expected to outperform several other currencies amid stable reserves.
The Indian rupee weakened 5 paise to 85.69 against the US dollar, influenced by foreign fund outflows and dollar strength.
The rupee ends 2024 down nearly 3%, closing at a record low of 85.59 against the dollar amid weakening trends and capital outflows.
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